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To: Jim McMannis who wrote (34611)5/28/1999 10:48:00 AM
From: Enigma  Read Replies (1) | Respond to of 116768
 
You may agree but you're not right - the sale of Maple Leafs was not done intially to drain gold reserves - later maybe - but that was not the discussion point. And of course demand did not suck then. At that time total Canadian gold froduction was only a million or so ounces.



To: Jim McMannis who wrote (34611)5/28/1999 11:52:00 AM
From: Zardoz  Read Replies (2) | Respond to of 116768
 
"but why aren't the european central banks that smart?"

Thought they tried to introduce a Euro coin, or was it a Y2K coin? Either way it didn't work to well for Canada, why would it work for them? Isn't this why Peter Munk went to Euro-land to convince them to turn CB gold into coins, more then a few years ago?

Or did he go to see how much he could get them to lease to him, and started to agressively forward sell. I really wonder why he really went... hmmmmm Maybe Ken comments are spot on.